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Analysis Report
May 2, 2026
Re-run recommended — fundamentals and price action have likely diverged from this snapshot.
Industrials · Business Equipment & Supplies
Price
$3.31
Market Cap
$432.9M
Employees
17,600
Beta
2.44
Avg Volume
6,490,683
CEO
Louis J. Pastor
Business Description
Xerox Holdings Corporation, founded in 1906 and headquartered in Norwalk, Connecticut, operates as a global leader in workplace technology. The company specializes in creating, evolving, and distributing comprehensive document management and workflow solutions across North America, Europe, and various international markets. Its extensive portfolio includes core office printing equipment such as monochrome, color, and multi-function desktop printers, alongside digital production presses and light commercial printing apparatus. Beyond hardware, Xerox delivers advanced digital services encompassing workflow automation, sophisticated personalization and communication tools, robust content management platforms, and digitization initiatives. The firm also provides specialized graphic communication and production-grade solutions. Xerox offers a broad range of IT services, covering end-user computing, network infrastructure, communication technologies, and diverse managed IT solutions like product support, expert engineering, and commercial robotic process automation. Key proprietary software platforms include FreeFlow, which streamlines and integrates print job processing from file preparation to final output and electronic publishing; XMPie, a personalization and communication software designed for omni-channel engagement; DocuShare, a content management system facilitating the capture, storage, and sharing of both physical and digital information; and CareAR, an enterprise-focused augmented reality platform. Additionally, the company supplies paper products and large-format printing systems. Its distribution strategy involves direct sales teams, complemented by a network of independent agents, dealers, value-added resellers, system integrators, and various e-commerce channels.
Business History
Generated: May 2, 2026 11:23amPrice Overview
Last updated: Jun 27, 2026 7:12am (just now)$3.31
+0.09 (+2.80%)
Day Range
$3.08 – $3.33
52-Week Range
$1.19 – $6.80
50-Day MA
$2.71
200-Day MA
$2.58
Volume
7,752,252.00
Analyst Price Targets
Low
$8.00
Consensus
$10.25
High
$14.00
(8 analysts)
Share Structure
Outstanding
130,779,611.00
Float
119,070,912.00
Free Float
91.0%
High free float
— 91.0% of shares trade freely, ~9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.40
Stock Price: $3.31
EPS (Diluted): -8.25
EPS (Diluted): -8.25
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.46
Stock Price: $3.31
Total Equity: $658.00M
Shares: 126,473,000
Total Equity: $658.00M
Shares: 126,473,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
24.23
Market Cap: $432.88M
Total Debt: $4.25B
Cash: $512.00M
EBITDA: $91.00M
Total Debt: $4.25B
Cash: $512.00M
EBITDA: $91.00M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$4.0B
Market Cap: $432.88M
Total Debt: $4.25B
Cash: $512.00M
Total Debt: $4.25B
Cash: $512.00M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.04
Stock Price: $3.31
Revenue: $7.02B
Shares: 126,473,000
Revenue: $7.02B
Shares: 126,473,000
EV/Sales (Total value vs revenue — works when P/E can't)
API0.57
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
27.1%
Gross Profit: $1.90B
Revenue: $7.02B
Revenue: $7.02B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-0.8%
Operating Income: -$56.00M
Revenue: $7.02B
Revenue: $7.02B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-14.7%
Net Income: -$1.03B
Revenue: $7.02B
Revenue: $7.02B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-135.3%
Net Income: -$1.03B
Total Equity: $658.00M
Total Equity: $658.00M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-0.6%
Operating Income: -$56.00M
Tax Rate: -110.9%
Equity: $658.00M
Total Debt: $4.25B
Cash: $512.00M
Tax Rate: -110.9%
Equity: $658.00M
Total Debt: $4.25B
Cash: $512.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.12
Current Assets: $3.61B
Current Liabilities: $3.23B
Current Liabilities: $3.23B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
6.45
Short-Term Debt: $231.00M
Long-Term Debt: $4.02B
Total Debt: $4.25B
Total Equity: $658.00M
Long-Term Debt: $4.02B
Total Debt: $4.25B
Total Equity: $658.00M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$55.52
Revenue: $7.02B
Shares: 126,473,000
Shares: 126,473,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$5.20
Total Equity: $658.00M
Shares: 126,473,000
Shares: 126,473,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.05
Operating CF: $350.00M
CapEx: -$91.00M
Shares: 126,473,000
CapEx: -$91.00M
Shares: 126,473,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
23.7%
Last Dividend: N/A
Stock Price: $3.31
Stock Price: $3.31
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$1.03B
Net Income: -$1.03B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares XRX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
Not applicable for Dividend Income companies
4d
Reverse DCF
— What growth is the market pricing in?
Not applicable for Dividend Income companies
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for Dividend Income companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for Dividend Income companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for Dividend Income companies
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for Dividend Income companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for Dividend Income companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 7:12am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.0B | $7.1B | $6.9B | $6.2B | $7.0B |
| Cost of Revenue | $4.6B | $4.8B | $4.6B | $4.3B | $5.1B |
| Gross Profit | $2.4B | $2.3B | $2.3B | $2.0B | $1.9B |
| Operating Expenses | $2.1B | $2.1B | $2.0B | $1.8B | $2.0B |
| Operating Income | $320.0M | $212.0M | $353.0M | $159.0M | -$56.0M |
| Net Income | -$455.0M | -$322.0M | $1.0M | -$1.3B | -$1.0B |
| EBITDA | -$49.0M | $36.0M | $291.0M | -$822.0M | $91.0M |
| EPS | $-2.56 | $-2.15 | $-0.09 | $-10.75 | $-8.25 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 7:12am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.8B | $1.0B | $519.0M | $576.0M | $512.0M |
| Total Current Assets | $4.7B | $4.1B | $3.2B | $2.9B | $3.6B |
| Total Assets | $13.2B | $11.5B | $10.0B | $8.4B | $9.8B |
| Current Liabilities | $2.8B | $3.3B | $2.8B | $2.6B | $3.2B |
| Long-Term Debt | $3.6B | $2.9B | $2.7B | $2.8B | $4.0B |
| Total Liabilities | $8.8B | $8.0B | $7.2B | $7.1B | $9.1B |
| Total Equity | $4.4B | $3.6B | $2.8B | $1.3B | $658.0M |
| Retained Earnings | $5.6B | $5.1B | $5.0B | $3.5B | $2.4B |
Cash Flow (Annual)
Last updated: Jun 27, 2026 7:12am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $629.0M | $159.0M | $686.0M | $511.0M | $350.0M |
| Capital Expenditure | -$68.0M | -$57.0M | -$37.0M | -$44.0M | -$91.0M |
| Free Cash Flow | $561.0M | $102.0M | $649.0M | $467.0M | $259.0M |
| Acquisitions (net) | -$9.0M | -$6.0M | $36.0M | -$126.0M | -$674.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$888.0M | -$113.0M | -$544.0M | -$8.0M | $0 |
| Net Change in Cash | -$782.0M | -$770.0M | -$522.0M | $14.0M | -$66.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 7:12am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$7.0B $7.0B – $7.1B
|
$7.6B $7.6B – $7.6B
|
$7.5B $7.4B – $7.5B
|
$7.3B $7.3B – $7.3B
|
| EBITDA |
-$111.1M -$111.4M – -$110.6M
|
-$119.9M -$120.5M – -$119.2M
|
-$118.0M -$118.4M – -$117.3M
|
-$115.5M -$115.5M – -$115.5M
|
| Net Income |
-$50.1M -$55.9M – -$44.4M
|
-$29.7M -$207.9M – $148.5M
|
$109.0M $94.8M – $122.0M
|
$122.3M $121.7M – $122.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 7:12am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +1.0% | -3.1% | -9.7% | +12.9% |
| Gross Profit Growth | -3.5% | -0.2% | -15.3% | -3.0% |
| Operating Income Growth | -33.8% | +66.5% | -55.0% | -135.2% |
| Net Income Growth | +29.2% | +100.3% | -132,200.0% | +22.1% |
| EBITDA Growth | +173.5% | +708.3% | -382.5% | +111.1% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-11 | Twomey William | M-Exempt | 4,838.00 | $0.00 | $0 |
| 2026-06-11 | Twomey William | M-Exempt | 4,838.00 | $0.00 | $0 |
| 2026-06-11 | Twomey William | F-InKind | 2,083.00 | $3.47 | $7,228 |
| 2026-06-11 | PASTOR LOUIS | M-Exempt | 19,655.00 | $0.00 | $0 |
| 2026-06-11 | PASTOR LOUIS | M-Exempt | 19,655.00 | $0.00 | $0 |
| 2026-06-11 | PASTOR LOUIS | F-InKind | 6,160.00 | $3.47 | $21,375 |
| 2026-06-11 | Colon Flor | M-Exempt | 12,096.00 | $0.00 | $0 |
| 2026-06-11 | Colon Flor | M-Exempt | 12,096.00 | $0.00 | $0 |
| 2026-06-11 | Colon Flor | F-InKind | 4,361.00 | $3.47 | $15,133 |
| 2026-06-11 | Gueden Jacques-Edouard | M-Exempt | 13,305.00 | $0.00 | $0 |
| 2026-06-11 | Gueden Jacques-Edouard | M-Exempt | 13,305.00 | $0.00 | $0 |
| 2026-06-11 | Gueden Jacques-Edouard | F-InKind | 7,451.00 | $3.47 | $25,855 |
| 2026-05-20 | BRUNO JOHN G | A-Award | 87,209.00 | $0.00 | $0 |
| 2026-05-20 | ROESE JOHN | A-Award | 87,209.00 | $0.00 | $0 |
| 2026-05-20 | Hung Priscilla | A-Award | 87,209.00 | $0.00 | $0 |
| 2026-05-20 | Butler Chuck Douglas | M-Exempt | 449,438.00 | $0.00 | $0 |
| 2026-05-20 | Colon Flor | M-Exempt | 280,899.00 | $0.00 | $0 |
| 2026-05-20 | Letier A. Scott | A-Award | 148,255.00 | $0.00 | $0 |
| 2026-05-20 | Twomey William | M-Exempt | 112,360.00 | $0.00 | $0 |
| 2026-05-20 | Erwin Tami A. | A-Award | 87,209.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 27, 2026 7:12am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-30 | $0.03 | 2026-05-20 | 2026-06-30 | 2026-07-31 |
| 2026-03-31 | $0.03 | 2026-02-19 | 2026-03-31 | 2026-04-30 |
| 2025-12-31 | $0.03 | 2025-11-06 | 2025-12-31 | 2026-01-30 |
| 2025-09-30 | $0.03 | 2025-08-06 | 2025-09-30 | 2025-10-31 |
| 2025-06-30 | $0.03 | 2025-05-22 | 2025-06-30 | 2025-07-31 |
| 2025-03-31 | $0.13 | 2025-02-20 | 2025-03-31 | 2025-04-30 |
| 2024-12-31 | $0.25 | 2024-10-31 | 2024-12-31 | 2025-01-31 |
| 2024-09-30 | $0.25 | 2024-08-01 | 2024-09-30 | 2024-10-31 |
| 2024-06-28 | $0.25 | 2024-05-22 | 2024-06-28 | 2024-07-31 |
| 2024-03-27 | $0.25 | 2024-02-22 | 2024-03-29 | 2024-04-30 |
| 2023-12-28 | $0.25 | 2023-10-19 | 2023-12-29 | 2024-01-31 |
| 2023-09-28 | $0.25 | 2023-07-20 | 2023-09-29 | 2023-10-31 |
| 2023-06-29 | $0.25 | 2023-05-25 | 2023-06-30 | 2023-07-31 |
| 2023-03-30 | $0.25 | 2023-02-16 | 2023-03-31 | 2023-05-01 |
| 2022-12-29 | $0.25 | 2022-10-20 | 2022-12-31 | 2023-01-31 |
| 2022-09-29 | $0.25 | 2022-07-21 | 2022-09-30 | 2022-10-31 |
| 2022-06-29 | $0.25 | 2022-05-19 | 2022-06-30 | 2022-08-01 |
| 2022-03-30 | $0.25 | 2022-02-17 | 2022-03-31 | 2022-05-02 |
| 2021-12-30 | $0.25 | 2021-10-21 | 2021-12-31 | 2022-01-31 |
| 2021-09-29 | $0.25 | 2021-07-22 | 2021-09-30 | 2021-11-01 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for XRX — it's generated by the pipeline (
market-narrative step).
No community reviews yet for XRX.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30